AUD/USD bulls justify options market optimism around 0.70000 By anilpanchal7 AUDUSD Options Markets RiskAppetite SwingTrading
of late. That said, the pair eases from the daily top of 0.7024 to the 0.7000 threshold heading into Thursday’s European session.pair’s upbeat performance in the weekly timeframe could be linked to the options market optimism, as known by the risk reversal data derived from the spread of calls and put options.
It’s worth noting that the one-month RR for the AUD/USD snaps a four-day downtrend to +0.362, the highest since late March, on weekly basis. The daily RR, however, rise for the second consecutive day to 0.100 at the latest.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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